Posts by Dev Anand
777 Capital Partners AG Takes Over the Asset Management of Newly Built Serviced Apartment Property 100 rooms in Frankfurt
Main Photo: The Numa Nook, Berlin Mitte one of the 27 Numa locations Date: January 2022 Name: TBA Location: Eschersheimer Landstraße, Frankfurt, Germany Number of Keys: 100 Seller: Family office W5 Group, established in 2009, is the single-family office of prominent European real estate investor and entrepreneur Ralph Winter. Buyer: 777 Capital Partners AG, a…
Read MoreGerman Brand to Open Hotel AMANO Covent Garden, London 2022
Main Photo: The new Hotel AMANO imagined, due to open 2022 Date: January 2022 Name: Hotel AMANO Covent Garden – opening Spring 2022 Location: Covent Garden, London Number of Keys: 141 Seller: The site was an office building – Drury House Buyer: Manex Properties acquired Drury House in 2018…. Manex Properties is a joint venture between the Germany-based…
Read MoreRadisson Hotel Group Welcomes Fourth Brand to Saudi Arabia With the Opening of Radisson Hotel Riyadh Airport
Main Photo: The new Radisson Hotel Riyadh Airport Date: January 2022 Name: Radisson Hotel Riyadh Airport Location: 5 km from Riyadh Airport, Saudi Arabia Number of Keys: 471, including duplex suites, three-bedroom villas and connecting family rooms Seller: TBA Buyer: Al-Qussie International, developers of many of Saudi’s stadia – the Olympic Complex, Riyadh Club, the…
Read MoreHotel Construction Down Around the World, Except in Asia Pacific Region
Date: January 2022 Location: Global What did they say: Asia Pacific is the only world region showing increased hotel construction activity in comparison with the end of Q4 last year, according to December 2021 data from STR. Main photo: STR logo The report in numbers: December 2021 (% changes in comparison with December 2020) Europe In…
Read MoreAccor Signed 25 hotels in Northern Europe in December 2021 Alone – 89 In The Year
Main Photo: The Movenpick Lalez Durres Albania, one of 2021’s new signings Date: January 2022 Names: Across the brands… In 2021, 27 signings across ibis, ibis budget and ibis Styles and Mercure – 15 signings across the leading mid-scale brand, including one Mercure Living longer-stay brand. Novotel signed a further 7 properties, including two Novotel…
Read MoreMotto by Hilton Debuts First Hotel in New York City
Main Photo: The public areas at the new Motto by Hilton in New York Date: January 2022 Name: Motto by Hilton New York City Chelsea Location: West 24th Street, Chelsea Arts District, Manhattan, New York, NY, USA Number of Keys: 374 Seller: TBA Buyer: TBA Hilton announced the opening of Motto by Hilton New York City…
Read MoreGrowing Hospitality Group – AG Hotels Acquires 8th UK Hotel
Main Photo: The Best Western Stuart Hotel just acquired by AG Hotels Date: January 2022 Name: AG Hotels – Best Western The Stuart Hotel Locations: Across the UK – the latest acquisition is Derby, England, UK Number of Keys: 100 Seller: Private family Buyer: AG Hotels, headed up by Girish Grover, CEO Best-Western branded The…
Read MoreBritish Investment Firm, Sixth Street Acquires Five Hotels and Forms New Partnership With Pierre & Vacances in Spain
Main Photo: Roquetas de Mar, one of the five hotels acquired by Sixth Street Date: January 2022 Name: Sixth Street and Pierre & Vacances Spain Locations: Benidorm, Roquetas de Mar, Lloret de Mar and Salou, Spain Number of Keys: 1,039 Seller: Oh! Tels Group, a hotel chain based in Salou, Tarragona with 16 hotels, vertically integrated and…
Read MoreFour Seasons Hotels to Manage Danieli Hotel in Venice
Main Photo: The iconic Danieli Venice Date: January 2022 Name: Currently: Hotel Danieli, a Luxury Collection Hotel, Venice…to become a Four Seasons – to reopen 2024 Location: Riva degli Schiavoni, Venice, Italy Number of Keys: Will be 200 rooms and suites Owner: Built in the 14th century, the hotel was, together with four other luxurious…
Read MorePerial Asset Management Buys Portfolio of Nine Spanish Hotels For €58m
Main Photo: B&B Albacete, one of the nine hotels sold Date: January 2022 Name: The hotels are operated by B&B Hotels Locations: Across Spain including Figueres, Mollet del Valles, Albacete and Cartagena Number of Keys: Eight of the properties have around 100 rooms, with one having 200 rooms. Seller: Acquired by Goldman Sachs investment fund…
Read MoreAccor’s Hyde Brand to Open First London Property
Main Photo: The current property at 15 Old Bailey Date: January 2022 Name: Hyde Paradox London City – opening 2023…the original building was opened as the Spiers & Pond Hotel in 1874! Location: 15 Old Bailey, City of London, England, UK Number of Keys: 110 Owner: The JV hospitality real estate fund created by Edmond de…
Read MoreVirgin Hotels Set to Open it’s First Two UK Sites, in Scotland
Main Photo: The new Virgin Glasgow Date: January 2022 Name: Virgin Hotels Glasgow and Virgin Hotels Edinburgh – both opening Spring 2022 Location: Glasgow – overlooking the River Clyde; Edinburgh – India Buildings, Victoria Street – Scotland, UK Number of Keys: 240 and 222 Owner: Glasgow: Silk Property Group, with assets managed by Siggis Capital;…
Read MoreGermany’s First Radisson Collection Hotel Opens in the Heart of Berlin
Main Photo: The new hotel’s lobby with the famous AquaDom, the world’s largest freestanding cylindrical aquarium with 1,600 tropical fish Date: January 2022 Name: The Radisson Collection Hotel, Berlin…was previously the Radisson Blu Location: Overlooking the Spree River, within the DomAquaree City Complex, which opened in 2004, Berlin Mitte, Germany. The development project was financed…
Read MoreSchroders Capital and Extendam Sell AC Hotel by Marriott Nice
Main Photo: The AC Hotel by Marriott, just sold by Schroders/Extendam JV Date: January 2022 Name: AC Hotel by Marriott Nice Location: Promenade des Anglais, Nice, France Number of Keys: 143 Seller: Schroders Capital and Extendam JV, who acquired the hotel in 2017 Buyer: Unnamed Owner-Operator Schroders Capital and Extendam have finalized the sale of the AC Hotel by Marriott in Nice…
Read MoreTrinity Investments and Oaktree JV Acquire W Hollywood for US$197m
Main Photo: The W Hollywood Date: December 2021 Name: The W Hollywood Location: Hollywood Boulevard, Los Angeles, California, USA Number of Keys: 305 rooms and suites Seller: Host Hotels & Resorts, that acquired the hotel in 2017 for US$219m. The hotel opened in 2010, developed by Gatehouse Capital and owned in a joint venture by…
Read MoreInvesco Real Estate Sell 175-Key Mercure Bratislava Centrum to CPI Property Group
Main Photo: The Mercure Bratislava Centrum Date: December 2021 Name: The Mercure Bratislava Centrum Hotel Location: Central Bratislava, Slovakia Number of Keys: 175 Seller: Invesco Real Estate, who acquired the hotel whilst still under construction, together with four other Accor hotels in 2010 for €154m, with €17m reported for the Mercure Buyer: CPI Property Group,…
Read MoreHenderson Park Acquires Amaris Hotel Platform to Create Klarent Hospitality
Main Photo: Dublin Custom House, which was converted to a Hilton Garden Inn, as one of the hotels in this deal Date: December 2021 Name: Klarent Hospitality – the new brand formed from the deal Locations: Europe, including France, Greece, Ireland, Spain and the UK Number of Keys: 9,300 – Henderson Park Seller: LRC Group…
Read MorePerseus Group obtains €93m Loan for French Hotels Via Cheyne Capital
Main Photo: The former Convent of the Visitation, acquired by Perseus in March 2021 Date: December 2021 Name: Perseus Hotels Locations: These two: Nice and Paris, France…new projects planned in France, Italy, Greece and Portugal Number of Keys: Owner: Perseus Hotels, founded by Valery Grego Funder: Cheyne Capital Perseus Group has completed secured senior and…
Read MoreVail Snaps Up Three US Ski Resorts – Severn Springs, Hidden Valley & Laurel Mountain
Main Photo: The Seven Springs Mountain Resort, including The Slopeside Hotel Date: December 2021 Names: Seven Springs Mountain Resort in Pennsylvania, Hidden Valley Resort and the operations of Laurel Mountain Ski Area Location: An hour (60 miles) south-east of Pittsburgh, Pennsylvania, USA Number of Keys: 418 hotel and conference centre…and a lot of snow! Seller:…
Read MoreBoundary London Acquired by James McCulloch’s Harcourt Inns
Main Photo: The Boundary hotel in London’s trendy Shoreditch Date: December 2021 Name: The Boundary London Hotel Location: Shoreditch, East London, England, UK Number of Keys: 17 Seller: Opened by London’s Restaurant Guru, Sir Terence Conran, in 2009. His Preston & Conran business went into administration in 2018 Buyer: Harcourt Inns, headed up by James…
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